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INVESTMENT
CRITERIA (guidelines)
Manufactured Housing Communities
- Land leased communities nationwide, but emphasis on East
Coast (from Florida to Maine)
- All age and senior restricted parks
- Communities with more than 100 sites with public utilities,
but also seeking smaller Florida communities and will buy
smaller elsewhere if we can cluster with other communities
for sale or owned by us
- Markets with strong demand for residents with balanced
long-term supply / demand fundamentals
- Communities with vacancies and community owned homes
to some extent are fine
- RV component up to 35% of earnings is acceptable
- No transaction is too large; will close for cash and
help structure to save seller's taxes
RV Parks
- Rv parks with at least 150 sites, strong amenities, and
public utilities
- Prefer location near areas of employment
- Prefer portion of revenues to be from permanent and/or
seasonal guests
Self Storage Facilities
- Self storage facilities with 25,000 to 75,000 square
feet
- Occupancy must be at least 75 percent
- Commercial frontage and high traffic count locations
strongly preferred
Apartments
- 25 to 125 units
- 85% occupancy or better
- Municipal utilities
- No section 8, high rise, or flat roof apartments
Retail Centers
- 10,000 to 25,000 s.f.
- 70% occupancy or better
- On highways with strong traffic counts
- No single tenant or "environmentally challenged"
properties
Other Matters
- The above are guidelines, but we will move outside them
for transactions that make sense
- Other collateral types evaluated on a case-by-case basis
- Information held in the strictest of confidence. We are
long-term investors and value long-term industry relationships
- Brokers are protected. We provide professionals (lawyers,
property managers, others) finder fees.
- Will buy nationwide, but emphasizing East Coast (from
Florida to Maine)
- Will "move quick and tell it like it is"
If you think a property for sale might fit
our investment strategy, please do not hesitate to send us
a confidential email. |
